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Oil settles lower after US unemployment report

NEW YORK (AP) — Oil prices tumbled Friday after the government said the U.S. unemployment rate topped 10 percent for the first time since 1983.

Benchmark crude for December delivery gave up $2.19 to settle at $77.43 a barrel on the New York Mercantile Exchange. In London, Brent crude for December delivery shed $2.12 to settle at $75.87 on the ICE Futures exchange.

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